AMP Capital to advise GII
Investment manager AMP Capital has been appointed adviser to Japanese company GII that invests in renewable energy assets in Japan. With an already formed capital alliance with AMP in 2011 Mitsubishi UFJ Trust and Banking Corporation (MUTB) will be a silent partner.
Along with giving advice AMP will assist in acquiring high quality assets.
"There has been a lot of focus on expanding the renewable energy sector as part of a shift in Japan towards such clean energy, and there is a growing need for funding for both brownfield and greenfield renewable energy projects," AMP director, international Anthony Fasso said.
"We have expertise across a range of sectors from transport, such as airports, to power/utilities and already have a number of renewable energy assets in our infrastructure equity and debt portfolios worldwide."
GII plans to invest in renewable energy infrastructure such as solar photovoltaic generation facilities to take advantage of the demand for clean energy. It will first acquire an operating two megawatt solar power generation facilities in Miyazaki prefecture.
"We look forward to working with AMP Capital as we look to bring it to market and expect to contribute to society as a stable funding provider in the renewable energy sector in the future," Osamu Hoshi, MUTB executive officer, said.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
